All articles by Verdict Staff

Verdict Staff

Julius Baer appoints new sub-region head of Iberia International, France, Belgium

Swiss private banking group Julius Baer has hired Carlos Recoder as head of the new sub- region Iberia International, France and Belgium, excluding the domestic Iberia markets serviced out of the group’s office in Madrid.

Abu Dhabi, Cayman Islands financial regulators sign cooperation agreement

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Cayman Islands Monetary Authority (CIMA) have signed a memorandum of understanding (MoU) to improve regulatory compliance in the two jurisdictions by setting up a framework for mutual assistance and information sharing.

UBS partners with Clare McAndrew to launch global art market report

Swiss banking giant UBS has extended its 22-year-long partnership with international art fair Art Basel and hired art economist Clare McAndrew to create their first global art market report.

SAP, AxiomSL partner to ease risk & regulatory burden on banks

German enterprise software maker SAP and AxiomSL, a provider of regulatory reporting and risk management solutions, have partnered to launch a new solution designed to provide next generation financial risk and regulatory data management infrastructure to banks.

Kames Capital expands fixed income team

Kames Capital, a UK-based investment manager, has appointed Rory Sandilands as the new investment manager in its fixed income team.

Fidelity introduces three new index mutual funds

Fidelity Investments has rolled out three new low-cost index mutual funds and replaced Spartan name on its mutual funds line-up with the Fidelity name.

OM Asset Management to buy majority stake in Landmark Partners for $240m

Old Mutual’s US subsidiary OM Asset Management (OMAM) has agreed to acquire a 60% equity stake in private equity, real estate and real asset investment firm Landmark Partners for about $240m.

HSBC Canada settles with British Columbia Securities Commission on overcharging clients

Two divisions of HSBC Canada have reached a settlement agreement with the British Columbia Securities Commission (BCSC) for charging clients excess fees.

Santander UK rolls out direct-to-consumer investment platform

Santander UK has unveiled a new direct-to-consumer investment platform for customers, as part of its strategy to expand its face-to-face advice service.

RBC Wealth Management appoints new retirement and fund solutions business head in US

RBC Wealth Management-U.S. has named former Blackrock director Kim Mickelson as the new head of its retirement and fund solutions group.